Understanding Financial Institutions

What is the primary function of a bank?

• To provide investment advice.

• To issue currency and manage inflation.

• To accept deposits and provide loans.

• To facilitate international trade transactions.

Name two types of financial institutions.

• Commercial banks, Insurance companies

• Credit unions

• Investment firms

• Pension funds

Which bank is known as the Banker's bank?

• RBI

• Commercial Banks

• Life Insurance

• Emirates Post

What is the main source of revenue for a Bank?

• Profit

• Interest

• Lending

• Deposit

Identify any two functions of RBI

• Accepting deposits & Giving loans

• Printing of currency& accepting deposit

• Controlling of credit & Banker to the Government

• Controlling credit &Giving loans

The one rupee note and its subsidiary coins are issued by------

• Central Finance Department.

• RBI

• The Bank Of Hindustan

• Commercial Banks